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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (259)	2/3/2022 9:35:31 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 1309

4507.69 = /ES 6-day Volume Point of Control at today's Feb 3rd 4:15 pm ET close 4506.75 = /ES 6-day VPOC most recent value tonight once AMZN in AH printed a bounce high of 3,300 and retreated back to its AH low of 3105 and then bounced again before closing at 8:00 pm ET Important Note -- located only a few /ES points below the bounce high by /ES during the period into the 8:00 pm ET AH close while AMZN was chopping between High and Low prints, is the single day highest Volume Node for Thursday Feb 3, meaning the bounce high by /ES partially resulting from the AMZN favorable price action was simply re-testing from below the region of the Feb 3 single-day Volume Point of Control ( day #1 for the usual 5-day look back Volume Analysis drops off the analysis at the start of each new day's Globex session, so into the 8:00 pm ET AH close, 6 days are included in the Volume analysis ) =================================== /ES 4514.75 now printing at 9:36 pm ET, Feb 3 ... 78.6% retrace = 4680.81 61.8% retrace = 4580.77 ( Wednesday's failure to hold above is marked by the 61.8% ) 50.0% retrace = 4510.50 / approx. 50 points below the 50% retrace was today's Feb 3 low March 2022 contract record high was 4808.25 March 2022 contract decline low was 4212.75